2011 Q2 Form 10-Q Financial Statement

#000095012311046109 Filed on May 06, 2011

View on sec.gov

Income Statement

Concept 2011 Q2 2010 Q2
Revenue $427.6M $367.7M
YoY Change 16.29% 10.4%
Cost Of Revenue $169.8M $145.9M
YoY Change 16.38% 14.5%
Gross Profit $257.8M $221.8M
YoY Change 16.24% 7.86%
Gross Profit Margin 60.28% 60.31%
Selling, General & Admin $117.1M $106.7M
YoY Change 9.78% 7.6%
% of Gross Profit 45.44% 48.11%
Research & Development $22.25M $20.08M
YoY Change 10.85% 9.51%
% of Gross Profit 8.63% 9.05%
Depreciation & Amortization $8.640M $8.441M
YoY Change 2.36% -41.38%
% of Gross Profit 3.35% 3.81%
Operating Expenses $139.4M $126.8M
YoY Change 9.95% 7.9%
Operating Profit $115.9M $92.36M
YoY Change 25.49% 8.03%
Interest Expense $4.083M $2.614M
YoY Change 56.2% -16.49%
% of Operating Profit 3.52% 2.83%
Other Income/Expense, Net
YoY Change
Pretax Income $112.5M $90.07M
YoY Change 24.93% 8.17%
Income Tax $18.04M $14.55M
% Of Pretax Income 16.03% 16.16%
Net Earnings $94.50M $75.50M
YoY Change 25.17% 3.0%
Net Earnings / Revenue 22.1% 20.53%
Basic Earnings Per Share
Diluted Earnings Per Share $1.013M $793.1K
COMMON SHARES
Basic Shares Outstanding 91.65M shares 93.63M shares
Diluted Shares Outstanding 93.31M shares 95.22M shares

Balance Sheet

Concept 2011 Q2 2010 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.039B $692.2M
YoY Change 50.1% 60.49%
Cash & Equivalents $296.9M $297.0M
Short-Term Investments $742.2M $395.2M
Other Short-Term Assets $71.01M $53.90M
YoY Change 31.74% -12.21%
Inventory $223.9M $189.2M
Prepaid Expenses
Receivables $349.4M $314.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.683B $1.249B
YoY Change 34.75% 29.72%
LONG-TERM ASSETS
Property, Plant & Equipment $217.0M $209.0M
YoY Change 3.82% 13.71%
Goodwill $293.5M
YoY Change
Intangibles $191.4M
YoY Change
Long-Term Investments
YoY Change
Other Assets $61.89M $51.80M
YoY Change 19.48% -21.87%
Total Long-Term Assets $763.8M $732.0M
YoY Change 4.35% 2.88%
TOTAL ASSETS
Total Short-Term Assets $1.683B $1.249B
Total Long-Term Assets $763.8M $732.0M
Total Assets $2.447B $1.981B
YoY Change 23.52% 18.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $67.40M $57.80M
YoY Change 16.62% 21.43%
Accrued Expenses $40.60M $42.80M
YoY Change -5.14% 6.2%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $390.3M $12.40M
YoY Change 3047.58% -85.93%
Total Short-Term Liabilities $716.2M $305.2M
YoY Change 134.68% -11.15%
LONG-TERM LIABILITIES
Long-Term Debt $400.0M $700.0M
YoY Change -42.86% 40.0%
Other Long-Term Liabilities $25.54M $90.50M
YoY Change -71.78% 2.61%
Total Long-Term Liabilities $580.1M $790.5M
YoY Change -26.61% 34.39%
TOTAL LIABILITIES
Total Short-Term Liabilities $716.2M $305.2M
Total Long-Term Liabilities $580.1M $790.5M
Total Liabilities $1.296B $1.168B
YoY Change 10.97% 15.8%
SHAREHOLDERS EQUITY
Retained Earnings $2.713B
YoY Change
Common Stock $998.2M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.583B
YoY Change
Treasury Stock Shares 60.13M shares
Shareholders Equity $1.151B $813.0M
YoY Change
Total Liabilities & Shareholders Equity $2.447B $1.981B
YoY Change 23.52% 18.32%

Cashflow Statement

Concept 2011 Q2 2010 Q2
OPERATING ACTIVITIES
Net Income $94.50M $75.50M
YoY Change 25.17% 3.0%
Depreciation, Depletion And Amortization $8.640M $8.441M
YoY Change 2.36% -41.38%
Cash From Operating Activities $122.8M $103.2M
YoY Change 19.01% 27.83%
INVESTING ACTIVITIES
Capital Expenditures -$16.80M -$10.20M
YoY Change 64.71% -54.05%
Acquisitions
YoY Change
Other Investing Activities -$104.3M -$106.0M
YoY Change -1.6% 33.84%
Cash From Investing Activities -$121.1M -$116.2M
YoY Change 4.23% 14.58%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $73.18M $105.0M
YoY Change -30.32%
Debt Paid & Issued, Net $217.8M $132.7M
YoY Change 64.2%
Cash From Financing Activities -$27.25M -$18.48M
YoY Change 47.46% 31.99%
NET CHANGE
Cash From Operating Activities $122.8M $103.2M
Cash From Investing Activities -$121.1M -$116.2M
Cash From Financing Activities -$27.25M -$18.48M
Net Change In Cash -$25.60M -$31.51M
YoY Change -18.77% -9.19%
FREE CASH FLOW
Cash From Operating Activities $122.8M $103.2M
Capital Expenditures -$16.80M -$10.20M
Free Cash Flow $139.6M $113.4M
YoY Change 23.12% 10.16%

Facts In Submission

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IncreaseInDeferredRevenueAndCustomerAdvances
23856000 USD
CY2010Q2 wat Increase In Deferred Revenue And Customer Advances
IncreaseInDeferredRevenueAndCustomerAdvances
23732000 USD
CY2010Q2 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
110726000 USD
CY2010Q2 us-gaap Payments Of Debt Issuance Costs
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1473000 USD
CY2010Q2 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
2182000 USD
CY2010Q2 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
4222000 USD
CY2010Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
904000 USD
CY2010Q2 us-gaap Inventory Write Down
InventoryWriteDown
2648000 USD
CY2010Q2 us-gaap Share Based Compensation
ShareBasedCompensation
6031000 USD
CY2010Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1950000 USD
CY2010Q2 us-gaap Depreciation
Depreciation
8441000 USD
CY2010Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6544000 USD
CY2011Q2 us-gaap Nature Of Operations
NatureOfOperations
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Waters Corporation (&#8220;Waters</font><font style="font-family:Times New Roman;font-size:10pt;">&#174;</font><font style="font-family:Times New Roman;font-size:10pt;">&#8221; or the &#8220;Company&#8221;), an analytical instrument manufacturer, primarily designs, manufactures, sells and services, through its Waters Division, high performance liquid chromatography (&#8220;HPLC&#8221;), ultra performance liquid chromatography (&#8220;UPLC</font><font style="font-family:Times New Roman;font-size:10pt;">&#174;</font><font style="font-family:Times New Roman;font-size:10pt;">&#8221; and together with HPLC, referred to as &#8220;LC&#8221;) and mass spectrometry (&#8220;MS&#8221;) instrument systems and support products, including chromatography columns, other consumable products and comprehensive post-warranty service plans. These systems are complementary products that can be integrated together and used along with other analytical instruments. LC is a standard technique and is utilized in a broad range of industries to detect, identify, monitor and measure the chemical, physical and biological composition of materials, and to purify a full range of compounds. MS instruments are used in drug discovery and development, including clinical trial testing, the analysis of proteins in disease processes (known as &#8220;proteomics&#8221;), food safety analysis and environmental testing. LC is often combined with MS to create LC-MS instruments that include a liquid phase sample introduction and separation system with mass spectrometric compound identification and quantification. Through its TA Division (&#8220;TA</font><font style="font-family:Times New Roman;font-size:10pt;">&#174;</font><font style="font-family:Times New Roman;font-size:10pt;">&#8221;), the Company primarily designs, manufactures, sells and services thermal analysis, rheometry and calorimetry instruments, which are used in predicting the suitability of fine chemicals, polymers and viscous liquids for various industrial, consumer goods and healthcare products, as well as for life science research. The Company is also a developer and supplier of software-based products that interface with the Company's instruments and are typically purchased by customers as part of the instrument system.</font></p>
CY2011Q2 wat Cumulative Net Pre Tax Gains Losses On Forward Foreign Exchange Contracts
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4000000 USD
CY2011Q2 us-gaap Gain Loss On Foreign Currency Fair Value Hedge Derivatives
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3000000 USD
CY2010Q2 wat Cumulative Net Pre Tax Gains Losses On Forward Foreign Exchange Contracts
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-2000000 USD
CY2010Q2 us-gaap Gain Loss On Foreign Currency Fair Value Hedge Derivatives
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-4000000 USD
CY2011Q2 us-gaap Change In Unrealized Gain Loss On Foreign Currency Fair Value Hedging Instruments
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1000000 USD
CY2010Q2 us-gaap Change In Unrealized Gain Loss On Foreign Currency Fair Value Hedging Instruments
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2000000 USD
CY2011Q2 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
96753000 USD
CY2011Q2 us-gaap Short Term Investments
ShortTermInvestments
742189000 USD
CY2011Q2 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
21850000 USD
CY2011Q2 us-gaap Foreign Currency Fair Value Hedge Asset At Fair Value
ForeignCurrencyFairValueHedgeAssetAtFairValue
987000 USD
CY2011Q2 us-gaap Foreign Currency Fair Value Hedge Liability At Fair Value
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283000 USD
CY2011Q2 wat Fair Value Assets Measured On Recurring Basis
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861779000 USD
CY2011Q2 wat Fair Value Liabilities Measured On Recurring Basis
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283000 USD
CY2010Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
87975000 USD
CY2010Q4 us-gaap Short Term Investments
ShortTermInvestments
637921000 USD
CY2010Q4 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
19988000 USD
CY2010Q4 us-gaap Foreign Currency Fair Value Hedge Asset At Fair Value
ForeignCurrencyFairValueHedgeAssetAtFairValue
424000 USD
CY2010Q4 us-gaap Foreign Currency Fair Value Hedge Liability At Fair Value
ForeignCurrencyFairValueHedgeLiabilityAtFairValue
626000 USD
CY2010Q4 wat Fair Value Liabilities Measured On Recurring Basis
FairValueLiabilitiesMeasuredOnRecurringBasis
626000 USD
CY2010Q4 wat Fair Value Assets Measured On Recurring Basis
FairValueAssetsMeasuredOnRecurringBasis
746308000 USD
CY2011Q2 us-gaap Notional Amount Of Foreign Currency Fair Value Hedge Derivatives
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148000000 USD
CY2010Q4 us-gaap Notional Amount Of Foreign Currency Fair Value Hedge Derivatives
NotionalAmountOfForeignCurrencyFairValueHedgeDerivatives
136000000 USD
CY2010Q2 us-gaap Standard Product Warranty Accrual Payments
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CY2009Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
10109000 USD
CY2011Q2 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
-1941000 USD
CY2010Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
10042000 USD
CY2010Q2 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
1409000 USD
CY2011Q2 us-gaap Standard Product Warranty Accrual Warranties Issued
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2603000 USD
CY2011Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
72077000 USD
CY2011Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
20878000 USD
CY2011Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
130927000 USD
CY2010Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
63475000 USD
CY2010Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
17301000 USD
CY2010Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
123524000 USD
CY2011Q2 wat Schedule Of Intangible Assets By Major Class
ScheduleOfIntangibleAssetsByMajorClass
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border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:30px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">10</font></td><td style="width: 35px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:35px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">years</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 65px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 134,723</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; 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text-align:center;border-color:#000000;min-width:35px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">years</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 65px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 403,381</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 65px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 222,065</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 30px; text-align:right;border-color:#000000;min-width:30px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">7</font></td><td style="width: 35px; text-align:center;border-color:#000000;min-width:35px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">years</font></td></tr></table></div>
CY2011Q2 wat Intangible Assets Gross
IntangibleAssetsGross
427703000 USD
CY2010Q4 wat Intangible Assets Gross
IntangibleAssetsGross
403381000 USD
CY2011Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
236271000 USD
CY2010Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
222065000 USD
CY2011Q2 us-gaap Finite Lived Intangible Assets Average Useful Life
FiniteLivedIntangibleAssetsAverageUsefulLife
7 pure
CY2010 us-gaap Finite Lived Intangible Assets Average Useful Life
FiniteLivedIntangibleAssetsAverageUsefulLife
7 pure
CY2011Q2 wat Intangible Assets Gross Foreign Currency Translation Adjustments
IntangibleAssetsGrossForeignCurrencyTranslationAdjustments
17000000 USD
CY2011Q2 wat Intangible Assets Accumulated Amortization Foreign Currency Translation Adjustments
IntangibleAssetsAccumulatedAmortizationForeignCurrencyTranslationAdjustments
10000000 USD
CY2011Q2 us-gaap Future Amortization Expense Year One
FutureAmortizationExpenseYearOne
40000000 USD
CY2011Q2 us-gaap Future Amortization Expense Year Two
FutureAmortizationExpenseYearTwo
40000000 USD
CY2011Q2 us-gaap Future Amortization Expense Year Three
FutureAmortizationExpenseYearThree
45000000 USD
CY2011Q2 us-gaap Future Amortization Expense Year Four
FutureAmortizationExpenseYearFour
45000000 USD
CY2011Q2 us-gaap Future Amortization Expense Year Five
FutureAmortizationExpenseYearFive
45000000 USD
CY2011Q2 wat Debt
Debt
790346000 USD
CY2010Q4 wat Debt
Debt
766055000 USD
CY2010Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
71523000 USD
CY2009Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
77924000 USD
CY2011Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
72897000 USD
CY2010Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
77476000 USD
CY2010Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.030 pure
CY2011Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.0290 pure
CY2010Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.0293 pure
CY2011Q2 wat Weighted Average Exercise Price Of Options Granted
WeightedAverageExercisePriceOfOptionsGranted
78.10
CY2011Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
32106000 USD
CY2011Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
2488000 USD
CY2011Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
871000 USD
CY2010Q2 wat Weighted Average Exercise Price Of Options Granted
WeightedAverageExercisePriceOfOptionsGranted
61.63
CY2011Q2 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease
351000 USD
CY2011Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
34074000 USD
CY2011Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
128563000 USD
CY2010Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-23410000 USD
CY2010Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
41000 USD
CY2010Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
14000 USD
CY2010Q2 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease
129000 USD
CY2010Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
-23254000 USD
CY2010Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
52264000 USD
CY2011Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
1617000 USD
CY2010Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
27000 USD
CY2010Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedTerm
6 pure
CY2010Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Payments
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendPayments
0 USD
CY2011Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.021 pure
CY2011Q2 wat Increase In Other Uncertain Tax Benefits
IncreaseInOtherUncertainTaxBenefits
1374000 USD
CY2010Q2 wat Increase In Other Uncertain Tax Benefits
IncreaseInOtherUncertainTaxBenefits
1052000 USD
CY2011Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7015000 USD
CY2010Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6031000 USD
CY2011Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
32000 shares
CY2011Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedTerm
6 pure
CY2011Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Payments
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendPayments
0 USD
CY2010Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
32000 shares
CY2011Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
25.25
CY2010Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
21.40
CY2011Q2 wat Estimated Total Employer Contributions To Defined Benefit Plans In Current Fiscal Year Lower Range
EstimatedTotalEmployerContributionsToDefinedBenefitPlansInCurrentFiscalYearLowerRange
4000000 USD
CY2011Q2 wat Estimated Total Employer Contributions To Defined Benefit Plans In Current Fiscal Year Higher Range
EstimatedTotalEmployerContributionsToDefinedBenefitPlansInCurrentFiscalYearHigherRange
5000000 USD
CY2010Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
5560000 shares
CY2011Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriod
-334000 shares
CY2011Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
-24000 shares
CY2011Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
5234000 shares
CY2010Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
50.19
CY2011Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
80.87
CY2011Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
50.89
CY2011Q2 wat Exercise Price Range Of Options Outstanding Lower Range Limit
ExercisePriceRangeOfOptionsOutstandingLowerRangeLimit
21.39
CY2011Q2 wat Exercise Price Range Of Options Outstanding Upper Range Limit
ExercisePriceRangeOfOptionsOutstandingUpperRangeLimit
79.05
CY2010Q4 wat Exercise Price Range Of Options Outstanding Lower Range Limit
ExercisePriceRangeOfOptionsOutstandingLowerRangeLimit
21.39
CY2010Q4 wat Exercise Price Range Of Options Outstanding Upper Range Limit
ExercisePriceRangeOfOptionsOutstandingUpperRangeLimit
80.97
CY2011Q2 wat Weighted Average Exercise Price Of Options Exercised
WeightedAverageExercisePriceOfOptionsExercised
39.69
CY2011Q2 wat Exercise Price Range Of Options Exercised Lower Range Limit
ExercisePriceRangeOfOptionsExercisedLowerRangeLimit
21.39
CY2011Q2 wat Exercise Price Range Of Options Exercised Upper Range Limit
ExercisePriceRangeOfOptionsExercisedUpperRangeLimit
77.94
CY2011Q2 wat Exercise Price Range Of Options Canceled Lower Range Limit
ExercisePriceRangeOfOptionsCanceledLowerRangeLimit
36.25
CY2011Q2 wat Exercise Price Range Of Options Canceled Upper Range Limit
ExercisePriceRangeOfOptionsCanceledUpperRangeLimit
80.97
CY2011Q2 wat Effect Of Dilutive Stock Option Restricted Stock And Restricted Stock Unit Securities
EffectOfDilutiveStockOptionRestrictedStockAndRestrictedStockUnitSecurities
1664000 shares
CY2010Q2 wat Effect Of Dilutive Stock Option Restricted Stock And Restricted Stock Unit Securities
EffectOfDilutiveStockOptionRestrictedStockAndRestrictedStockUnitSecurities
1594000 shares
CY2011Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
67000000 USD

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